Sei Investments Co. Acquires 39,821 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sei Investments Co. increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 45.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,054 shares of the company’s stock after purchasing an additional 39,821 shares during the quarter. Sei Investments Co.’s holdings in Bright Horizons Family Solutions were worth $14,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Brown Brothers Harriman & Co. raised its position in Bright Horizons Family Solutions by 38.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 105,787 shares of the company’s stock worth $9,969,000 after buying an additional 29,417 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $64,735,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Bright Horizons Family Solutions by 141.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,666 shares during the last quarter. M&G Plc bought a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $27,467,000. Finally, Bayesian Capital Management LP purchased a new stake in Bright Horizons Family Solutions in the first quarter worth approximately $981,000.

Analyst Ratings Changes

A number of brokerages have weighed in on BFAM. Barclays boosted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Trading Up 0.3 %

Bright Horizons Family Solutions stock opened at $139.79 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $141.90. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 98.44 and a beta of 1.48. The firm has a 50 day moving average of $133.43 and a 200 day moving average of $117.95.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. During the same period in the prior year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the transaction, the chief operating officer now directly owns 35,925 shares in the company, valued at $4,311,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at approximately $4,311,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the transaction, the director now directly owns 30,257 shares in the company, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. Insiders have sold a total of 24,635 shares of company stock valued at $3,198,948 over the last ninety days. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.